this post was submitted on 30 Jul 2025
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Work Reform

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[–] anarchiddy@lemmy.dbzer0.com 40 points 3 days ago (5 children)

Just so we're all on the same page - this is the same disjointed wage growth we were seeing under Biden that we were being told wasnt a big deal. It's obviously gotten worse under Trump, but this has been a growing problem since at least the dotcom bubble

[–] spankmonkey@lemmy.world 42 points 3 days ago* (last edited 3 days ago) (3 children)

Fairly certain it has been an issue since the 60s or 70s for anyone not in the top 25% or so.

[–] Someonelol@lemmy.dbzer0.com 5 points 3 days ago (2 children)

I've always been saying it. Fiat currency leaves the value of money in the hands of too few people. Whenever their buddies start crying for help, the money hose turns on and the rest of us suffer higher prices with no wage growth to balance it.

[–] avidamoeba@lemmy.ca 16 points 3 days ago* (last edited 3 days ago)

This isn't a currency issue. The processes driving this have been observed in 19-century Britain under a gold standard. For me it took looking into how firms decide what to produce, how to produce it and what to do with the profits in order to build a better picture on what's happening. This Talk at Google was a good starting point for me.

[–] SoftestSapphic@lemmy.world 6 points 3 days ago

If we still had policies that forced wealth redistribution it would work fine like it used to

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